New CBO Estimates: Obamacare Will Cost Businesses Additional $4 Billion in Taxes

We are now seeing the results of the initial phony numbers that the Obama and the Democrats gave to the CBO for scoring, knowing full-well that the numbers they gave the CBO were artificially lowered so the Obamacare would pass.

Business owners will pay $4 billion more in taxes under President Obama’s Affordable Care Act (ACA) than the Congressional Budget Office had previously expected.

“According to the updated estimates, the amount of deficit reduction from penalty payments and other effects on tax revenues under the ACA will be $5 billion more than previously estimated,” the CBO reported today. “That change primarily effects a $4 billion increase in collections from such payments by employers, a $1 billion increase in such payments by individuals, and an increase of less than $500 million in tax revenues